Should you co-sign for someone else?

What happens when a friend or family member – maybe one of your children – calls you and asks you to co-sign a loan for them? Typically that question will come from a family member – usually one of your children.  It may be a school loan or a car loan – or maybe it’s.

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Did your rent just go up again??

Did your landlord just give you the news that rents are going up again? If so, you are not alone – many renters are getting that notice that their rent is going up again, taking more and more of your monthly income. To make matters worse, every dollar that is spend on your rent is.

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Mortgage rate forecast….

So everyone is asking about mortgage rates and what is going to happen in 2018.  No one knows for sure, but there are several groups that have forecasted their expectations for 2018. My common answer is we expect them to rise, but I’ve said that for the last few years and frequently been wrong!! Here’s.

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More updates………

It seems like most of the updates I have been seeing were related to the tax bill that Congress has been working on.  Minnesota Housing sent an email that the final bill will not have any impact on the mortgage credit certificates. So if you are in the process of buying a home using this.

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Mortgage updates!

This week I’m going to give you a few new updates and changes in the mortgage world! First – the Fed raised rates a .25% this week – this was expected and initially the reaction was positive. We’ll see how things go in the next few days. So don’t expect your rates to jump right.

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Four reasons to buy a home this winter

Here are some reasons to buy this winter instead of waiting! Prices are going to continue to increase.  Fannie Mae increased their conforming loan limits after seeing that prices increased almost 7% from 2016.  There was also an increase from 2015 to 2016.  They are estimating an increase of about 4% in 2018. More than.

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Fannie Mae announces new loan limits

Fannie Mae announced new loan limits this week for mortgages. This is welcome news for homebuyers looking to buy in 2018. The new conforming loan limits for most of the US will be $453,100. Why does this matter? How does it help homebuyers? For those looking to buy, this will save money over a “jumbo”.

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Are you thinking about a new home next year?

It’s November, almost December, no one wants to move during the holidays right? But maybe next spring? Are you thinking about buying a home next year? If so, make sure you are ready to go. Get your finances in order now, so that when you are ready to buy there won’t be anything stopping you!.

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VA loans

Since this Saturday is Veteran’s Day, what a perfect time to thank our vets and remind them that a VA loan can be a great way to purchase a new home! VA loans are one of two zero down loans left, the other is a USDA rural development loan. VA loans are available to those.

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The mortgage process……….

What do you need to know in today’s mortgage market? Here are the requirements to qualify for a mortgage today: down payment (at least 3% down, many buyers are putting less than 10% down these days) income verification and asset documentation independent third party appraisal (to determine the value of your new home) stable income.

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What your mortgage lender doesn’t want to hear!

When you decide to apply for a mortgage, there are many things your lender will ask you. There is a loan application to fill in and forms to sign.  When you are going through all the forms, you may have some questions -that’s great – we love to answer questions. However, there are some things.

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How do you get your ex off your mortgage?

I’ve had a couple clients ask me about this lately – just because you agree that you get the house and your ex gets the furniture or whatever it may be, that doesn’t mean they are off the mortgage.  Even if the divorce decree says you get the house, your ex is still not off.

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How much home can I buy?

This is the question I get asked most by homebuyers – especially first time homebuyers.  I usually turn it around a bit and ask them what they are comfortable with in a house payment. Then we talk about it! The reality is I can qualify you based on your income and debt but that payment.

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